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Thomson Reuters
Aug 03 - 02:36 AM
USD/JPY - Pressured By Soft Stocks, Eyes Payrolls Data
First appeared on eFXplus on Aug 02 - 11:00 PM
  • USD/JPY flat after trading in a narrow 111.62/79 range in Asia
  • Asian equities lower despite bounce in Wall St, pressuring risk
  • Slow stochs cresting but s/t MAs mixed - no clear tech signal
  • Wednesday 112.15 high next level of resistance, trend high at 113.18
  • Key support at 55 DMA has held since mid-April, currently 110.67
  • US employment data to be key driver, forecast to be 190,000 jobs and 3.9%

JPY daily: Click here

Source:
Thomson Reuters IFR Markets

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